The British public is overwhelmingly in support of the temporary 12.5 per cent rate of VAT for hospitality being retained.
Benefits of cloud accounting software far outweigh costs, study reveals
Cloud accounting software adopters are more likely to experience the benefits of Making Tax Digital (MTD) for VAT than those using only bridging software, a new study has revealed.
The Christmas gift allowance: how it works
If you are planning on treating staff this Christmas, here’s a brief guide to the tax rules for the 2021/22 financial year.
Self-Employment Income Support Scheme: last chance to claim fifth grant
Today, 30 September 2021, is the last day self-employed workers can apply for the fifth and final Self Employment Income Support Scheme (SEISS) grant.
Venture capital investment – What you need to consider
By Ben Chernoff, Director at Davis Grant The UK tech sector looks set to beat its previous records for raising investment this year – with firms already securing more than £13.5 billion in the first six months of 2021.
MTD for Income Tax delayed until April 2024, HMRC confirms
Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed.
What are year-end accounts and how can I prepare for them?
If you’re new to business, year-end accounts may seem like a daunting prospect. But with the right preparation, advice and approach, you will have nothing to worry about.
Beware of exceeding your pension pot allowance
Thousands of people who put money into their pension each year are inadvertently failing to declare pension tax charges, according to HM Revenue & Customs (HMRC). This can lead to an unexpected and costly tax bill. Most taxpayers can save up to £40,000 in pension contributions tax-free each tax year, a limit that is set […]
Draft legislation published for next Finance Bill
Taxation and other measures to be included in the Finance Bill for 2021-22 have now been announced. The draft legislation largely covers pre-announced policy changes, along with accompanying explanatory notes, tax information and impact notes, as well as responses to consultations and other supporting documents. The Government has also revealed three new policies that it will legislate […]